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Reassessment of Alleged Bogus LTCG/STCG Based on AO's Assumptions u/s 143(3) of Income Tax: ITAT remands case to CIT(A)
In a recent case, the Ranchi bench of the Income Tax Appellate Tribunal ( ITAT ) held that mere allegations of fake transactions cannot be the basis...
![Capital Gain Exemption u/s 54 cannot be claimed for Multiple Flats: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Capital-Gain-Exemption-Multiple-Flats-ITAT-TAXSCAN.jpg "Capital Gain Exemption u/s 54 cannot be claimed for Multiple Flats: ITAT [Read Order]")
![Application u/s.12AA can’t be rejected merely because of Non-Payment of Taxes on Contributions received by Religious Trusts: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Non-Payment-of-Taxes-Religious-Trusts-ITAT-Taxscan.jpg "Application u/s.12AA can’t be rejected merely because of Non-Payment of Taxes on Contributions received by Religious Trusts: ITAT [Read Order]")